chicks
Lunatic Member
Won't sell CDs after July 1st. Target next.
http://www.businessinsider.com/best-buy-pulling-cds-from-stores-reaction-2018-2
http://www.businessinsider.com/best-buy-pulling-cds-from-stores-reaction-2018-2
This has already been going on for years, at least with smaller artists.The other half of the story is that Target is considering selling CDs on a consignment basis. In other words, they won't owe the labels money until they scan the sale at the cash register. I believe they are already pushing the movie studios to do this with DVDs, and want to do this with CDs closer to the middle of the year:
According to those sources, Target gave the ultimatum to both music and video suppliers in the fourth quarter of last year that it wants to switch to scanned-based trading, with a target date of Feb. 1. But while it is proceeding to push DVD vendors to switch to scan-based trading terms (i.e. the chain would pay for DVDs after they are sold or scanned while being rung up at the register), it has moved the deadline back to music suppliers to either April 1 or May 1. So far, music manufacturers are not sure what they are going to do, but sources within the various camps say that at least one major is leaning no, while the other two majors are undecided.
Source: https://www.billboard.com/articles/...get-threatens-to-pay-labels-for-cds-only-when
While neither store stocks more than a handful of titles (mainly the top charting hits), they are capable of pushing large volumes of those titles. All this will do is hasten the demise of the CD format. And you know if two major brick and mortar retailers are doing this, others will follow. Shopping for any depth of catalog is going to push consumers to buy online if they still want music in a physical format. I don't know if a store like Barnes & Noble would do this, as they are pretty much a media-based store (books being the primary medium, but they sell a volume of video and music titles), but I imagine B&N would let customers special order...provided they want to wait for delivery.
They sell LPs as well. Not a massive selection, though I did look through them when I was there last week to buy a game.
So much for selling media at my local B&N store. They cleared out a large portion of the store for TOYS! They must be desperate. Even Toys R Us is practically in bankruptcy. Go figure out that strategy.The other half of the story is that Target is considering selling CDs on a consignment basis. In other words, they won't owe the labels money until they scan the sale at the cash register. I believe they are already pushing the movie studios to do this with DVDs, and want to do this with CDs closer to the middle of the year:
According to those sources, Target gave the ultimatum to both music and video suppliers in the fourth quarter of last year that it wants to switch to scanned-based trading, with a target date of Feb. 1. But while it is proceeding to push DVD vendors to switch to scan-based trading terms (i.e. the chain would pay for DVDs after they are sold or scanned while being rung up at the register), it has moved the deadline back to music suppliers to either April 1 or May 1. So far, music manufacturers are not sure what they are going to do, but sources within the various camps say that at least one major is leaning no, while the other two majors are undecided.
Source: https://www.billboard.com/articles/...get-threatens-to-pay-labels-for-cds-only-when
While neither store stocks more than a handful of titles (mainly the top charting hits), they are capable of pushing large volumes of those titles. All this will do is hasten the demise of the CD format. And you know if two major brick and mortar retailers are doing this, others will follow. Shopping for any depth of catalog is going to push consumers to buy online if they still want music in a physical format. I don't know if a store like Barnes & Noble would do this, as they are pretty much a media-based store (books being the primary medium, but they sell a volume of video and music titles), but I imagine B&N would let customers special order...provided they want to wait for delivery.
So much for selling media at my local B&N store. They cleared out a large portion of the store for TOYS! They must be desperate. Even Toys R Us is practically in bankruptcy. Go figure out that strategy.